News
Oil price rises over $70 a barrel
...the economic revival will be soon coupled with oil demand recovery,” said Tamas Varga, an analyst at PVM oil brokerage in London. He cautioned, however, that the recovery still faced...
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Insight
What the UK CCS announcements mean for the sector
...lost oil and gas workers. The demand created by the surge in CCS and CCUS is likely to be so high that workers transitioning from the oil and gas sectors...
Market Report
Prices and predictions – what does 2025 have in store?
It’s the start of another year and, as is now tradition, this report will focus on the last 12 months and how oil markets have progressed in that period. We...
News
Bolstering onshore oil and gas
Tony Smith brings over 30 years’ experience in the oil and gas sector to the Peel Gas and Oil team. Peel Gas & Oil, a member of United Kingdom Onshore...
Insight
What future for heating oil?
...200,000 and 250,000 commercial heating oil users. A snapshot of the trend in total UK domestic regular kerosene demand since the start of the millennium shows the following: Source: DECC...
News
Is it time Northern Ireland had a competent persons scheme?
...that currently operating in England and Wales? Reported in the July issue of Fuel Oil News (pages 4 and 21), the fire is believed to have started in a shed...
News
New appointment for Touchstar
Touchstar Technologies Ltd has appointed Mimi Masinja as Account Manager, Fuel Division. Mimi will be responsible for developing and nurturing Touchstar’s UK and Ireland customers. Working closely with Sales Director,...
Opinion
Longer term impacts of coronavirus on the UK and Ireland’s oil industry
...managing director of GPB Global Resources B.V., the broader impacts of coronavirus on the oil industry Plummeting oil prices have had worldwide consequences but have been particularly painful for the...
Opinion
“Do you agree with the Northern Ireland Housing Executive (NIHE) that the Province should have more oil buying clubs?”
...more oil buying clubs, there will inevitably be more – batten down the hatches!” For further comment see the Value Oils blog – www.valueoils.com/blog/home-heating/heating-oil-buying-groups-2/ Joe Bradley, Bradley Fuels “I don’t...
Opinion
OGUK welcomes climate report impetus
...to cut emissions from oil and gas production, currently totalling about 18.5m tonnes a year, to net zero by 2050. This could include the electrification of offshore oil and gas...
News
Fuel for thought…
...at a European, national and regional level. With over 1.5 million heating oil installations throughout these islands and millions more across Europe, the oil storage tank industry and the oil...
Market Report
Saving Mexico’s state oil giant – a strategy of hope over experience.
...nationalisation of all privately held oil interests in Mexico and for most of the 21st Century, Pemex has been Latin America’s second largest enterprise by annual revenue (Brazil’s state-run oil...
Market Report
Is there method behind OPEC’s apparent madness?
...oil prices are high) were also able to continue extracting oil from fields, that really should no longer be producing. To the Machiavellian minds at the top of the OPEC...
News
Oil theft – oil industry shows support with donation
...Northern Ireland Oil Federation (NIOF) resulted in Solo Direct offering to give the unit 1,000 litres of oil to help during this difficult time. With £1,000 worth of oil stolen...
News
Theft threat?
When the price of crude oil rises, reports of oil theft increase. Alex Porter spoke to distributors about the situation in their area A recent article on the Fuel Oil...
News
Getting warmer in the community
...tenants. In return CBL has developed a community oil fund that purchases oil on behalf of Cottsway’s tenants. The smart meters inform CBL of oil used, with tenants able to...
Insight
No easy decisions at Whitegate
...support the country’s oil needs is Whitegate. Oil refining on the island of Ireland Originally commissioned in 1959, Whitegate has a distillation capacity of 71,000 bpd. One third of output...
News
Oil recycling specialist Slicker expands further with Oil Monster acquisition
...with their own carbon cutting and sustainability agenda, re-refining their waste oil back into base oil through our own re-refinery.” “We welcome everyone at Oil Monster into the Slicker family...